Whirlpool Q1 GAAP EPS -$1.43; cites Iran war for U.S. industry recession; suspends dividend

WHIRLPOOL CORP /DE/

2026-Q1 EPS reported -$1.43 revenue$3,273,000,000

Q1 net sales $3.273B (-9.6% YoY); GAAP net loss $85M vs. $71M profit a year ago.
Ongoing (non-GAAP) diluted EPS loss of $0.56 vs. +$1.70 in Q1 2025; ongoing EBIT margin 1.3% (down from 5.9%).
MDA North America EBIT collapsed to $6M from $149M; company announced largest price increase in a decade.
2026 guidance: GAAP EPS $2.45-$2.95, ongoing EPS $3.00-$3.50; free cash flow ~$300M.
Common dividend suspended; debt reduction over $900M planned; transitioning to ~$2.25B asset-based revolver.

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